Business Companies 18 Sep 2017 Ford exploring strat ...

Ford exploring strategic alliance with Mahindra & Mahindra

REUTERS
Published Sep 18, 2017, 3:23 pm IST
Updated Sep 18, 2017, 3:23 pm IST
Areas of co-operation include mobility programs, product development, distribution within India among other things.
Mahindra and Mahindra Ltd and Ford Motor Co said on Monday the two companies are exploring forming a strategic alliance.
 Mahindra and Mahindra Ltd and Ford Motor Co said on Monday the two companies are exploring forming a strategic alliance.

Mumbai: Indian automaker Mahindra and Mahindra Ltd and Ford Motor Co said on Monday the two companies are exploring forming a strategic alliance.

“The agreement of intent between the two companies will allow each to leverage their mutual strengths during a period of unprecedented transformation in the global automotive industry,” the two companies said in a joint statement.

 

The areas of potential co-operation include mobility programs, product development, distribution within India and global emerging markets among other things.

“Teams from both companies will collaborate and work together for a period of up to three years. Any further strategic cooperation between the two companies will be decided at the end of that period,” the statement said.

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